Well Dineen is saying that we couldn’t afford / didn’t have the £6m, let alone the extra £500k to sign him for £6.5m...... Paupers r us
What a sad state of affairs this club has got to, I really think we will find our level with this paper thin squad somewhere down the bottom half of the table pretty soon, and once the kids we are fielding see the reality of the situation, all motivation will evaporate, the current boardroom are sucking the life out of our club, makes my blood boil................
Love the way the club is working and wont pay over the top wages. Woods wanted too much money.....So we said Fcuk off .....The right policy
You are as farcical and ludicrous with your comments as the Swansea City Boardroom dickheads Dai, fair play to you!......................
Are the Yanks stripping for themeselves or because they are worried about legal action and do not even have the cash to pay the Trust off? They have stripped the senior squad. Luckily, we had invested in a top notch academy, which had started to produce. They cannot asset strip the training facilities, but they can strip the talent. By selling the 1st team, the u23s values will increase as they get game time. Sell them off in the summer with more false promises. We will be fielding the u18s in League 1/2 in a few years at this rate and the Yanks will eventually leave with the share price worth nowt, but having more than recouped their investment. The Trust will still be sitting on 21%, but 21% of sweet fa ..... and all because they were kept out of the sale process. Granted, the remaining board will have no value in their remaining shares, but they could scarily reinvest in the club at rock bottom with the multi millions made from the sales of the bulk of their shares 18 months ago. Huw, Leigh and Martin to the rescue again anyone? They have forced our hands IMHO. Legal action must be taken by the Trust....and Sumner isnt the guy to lead it.
How can we be worse off now financially than before we got to the PL ? I thought the PL is where the money is at ? Have we really not go two pennies to rub together ?
Then why are we apparently worse off than WBA or Stoke ? They haven't experienced the fire sale that we have, and are still able to sign new players.
They have owners who are willing to provide money albeit , we don't , they have strategy for making money from the commercial aspect , we don't unless you consider low cost vans as being a major player in Global terms which seems to be the thought process by our head of Global sales and sponsors . They probably haven't lost millions on players who were not picked by countless managerS but by a failed roofing materials supplier , nice work Jerkins . They seem to have owners who care for their respective Clubs ,we don't , us we're left with leeches and hangers on ,so to surmise we're deep in the ****e and their not
You are correct that wages and transfer fees make up 80% of turnover, but that still leaves £20 to £45 million for club running costs which is still huge for a club of our size, the truth is we are paying for Jenkins total incompetence with transfer dealings, that's why we are broke.
Sorry, but "we" are not "broke ". If you are suggesting that the Club is in financial difficulties, well, the only people who know that don't post hereabouts. Everything posted here is mere speculation.
" apparently " is the right word to use. No-one on this Forum has the faintest idea what Swansea City's financial situation is. However, speculation is rife, and most posts would seem to reflect this speculation, and no " apparently " about that.
I think there's quite a bit of published accounts and analysis been carried out that indicates the club has a permanent cashflow problem...one that has had a bad effect on transfers before...like needing to sell before being able to buy. As Phil says, something over 80% of turnover goes on wages.....it may be closer to 90%. Taffvalerowdy has also noted that the club is marginal on operational performance and it needs transfer profits to create anything meaningful in terms of cashflow. Phil ha also pointed out that parachute payments are at the end of the season and the drop in income from Prem to Championship means there's a 40 million hole to fill even after the parachute ament is taken into account.
Surely your post is a contradiction .They may post on here , in fact you or I maybe one of them and I'd say for you to say we're not broke you must be one of the board or is that pure speculation on your behalf , .Considering the Vice chairman of the Club has come out publically that we are indeed skint then there's really no more to be said except that we are indeed "broke"
I'd put my house on none of them posting here. They have got far better things to do than waste their time coming on this site. No speculation needed for that. So, now the Vice Chairman's words are acceptable. I was under the impression that everything they collectively say are lies.
